There are renewed calls from tenant advocates for caps on rent increases in NSW as the state is in the grips of a chronic rental crisis.
tenants are facing displacement and homelessness due to rents spiking 30 per cent since 2020
Greens MP Jenny Leong has introduced a private member’s bill to NSW parliament that would legislate a cap on rents in line with inflation, an end to no-grounds evictions and a ban on rent hikes in disaster areas. Leong said a cap was the easiest way to help struggling renters.Janie Barrett UNSW senior research fellow in the City Futures Research Centre Dr Chris Martin said it was a fair policy response to windfall gains at the expense of renters.
But independent economist Saul Eslake said the response was a short-term and ineffective fix and did not address the underlying problem of the rental crisis.
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